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Announcement of Determination of Sale Price, Etc. of the Sale of Shares Contributed to Retirement Benefits Trust by NEC

Tokyo, January 26, 2024 - NEC Corporation (NEC; TSE: 6701) today announced that the sale price, etc. for the sale of shares of common stock of Renesas Electronics Corporation out of NEC retirement benefits trust account announced on January 25, 2024, have been determined.

(1) Number of shares to be sold 69,888,800 shares
(2) Sale price 2,503.0 yen per share
(3) Total sale price 174,931,666,400 yen


Calculation of the sale price
(1) Calculation date and price Thursday, January 25, 2024 2,689.5 yen
(2) Discount rate   6.93%

This press release is a general release, and is not prepared for the purpose of investment solicitation or the like in Japan or elsewhere.
This press release does not constitute an offer to sell or solicitation of any offer to buy securities in the United States or any other jurisdiction in which such an offer, solicitation or sale would be unlawful. The shares of common stock of Renesas Electronics Corporation have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act.
No public offering of the securities will take place in the United States.


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